California Legislature—2015–16 Regular Session

Assembly Bill No. 1384

Introduced by Assembly Member Baker

February 27, 2015

An act to amend Section 30959 of the Streets and Highway Code, relating to toll facilities.

LEGISLATIVE COUNSEL’S DIGEST

AB 1384, as introduced, Baker. Toll facilities: Metropolitan Transportation Commission

Existing law designates the Metropolitan Transportation Commission as the regional transportation planning agency for the San Francisco Bay Area. Existing law creates the Bay Area Toll Authority, governed by the same board as the commission, with specified powers and duties relative to the administration of toll revenues from state-owned toll bridges within the geographic jurisdiction of the commission. Existing law authorizes the authority to make direct contributions to the commission in furtherance of the exercise of the authority’s powers, including contributions in the form of personnel services, office space, overhead, and other funding necessary to carry out the function of the authority, with those contributions not to exceed 1% of the gross annual bridge revenues.

This bill would make a technical, nonsubstantive change to this limitation on contributions.

Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.

The people of the State of California do enact as follows:

SECTION 1.  

Section 30959 of the Streets and Highways Code
is amended to read:

30959.  

The authority may make direct contributions to the
commission in furtherance of the exercise of the authority’s powers
under this division, including contributions in the form of personnel
services, office space, overhead, and other funding necessary to
carry out the function of the authority, with those contributions
not to exceed begin insert an amount equal to end insert 1 percent of the gross annual
bridge revenues. The authority may also make additional
contributions in the form of loans to the commission on a
reimbursement-for-cost basis; provided that those loans do not,
independent of the direct contributions, exceed 1 percent of the
gross annual bridge revenues and are fully repaid with interest at
the same interest rate that would apply for toll bridge revenue
bonds of the same duration as any loan taken by the commission.
As used in this section, “gross annual bridge revenues” shall have
the same meaning as in Section 30958.